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News / CEVA's IPO plunges in early trade, disappointing the bulls

CEVA_ipojgrs28v4
Peter Waller, CFO and Xavier Urbain, CEO, CEVA Logistics. Swiss Stock Exchange
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CEVA Logistics experienced a disappointing debut on the SIX Swiss Exchange today, with its shares as low as CHF25.3 ($25.3) in early trades, down 8% from CHF27.5, where its initial public offering (IPO) was priced earlier this week.

The deal was priced at the low end ...

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  • Andreas Kout

    May 05, 2018 at 8:00 am

    Ceva is not an attractive provider, so what do you expect from someone
    who is very professional in contract logistics,however doesnt control so
    much volumes in freight mangement to be competitive.
    I have never understod why Geodis and CJ Logitics have put an eye on Ceva.

    regards
    A.Kout.

    • Ale Pasetti

      May 08, 2018 at 1:15 pm

      Thanks, A.Kout. Not “an attractive provider” with over $3bn of CL sales? How’s that in a world where those services remain in high demand?

      Btw, unrelated, the stock bounced back 7%+ yesterday, and now is just a whisker away from the IPO price.

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Ceva Logistics Financial footings IPO The CEVA story